Progress Residential Fix-and-Flip Bulk Purchase - Atlanta

United States

Deal value: $18,400,000

Progress Residential acquired 50 recently renovated single-family homes in Atlanta, GA, converting them from fix-and-flip inventory to long-term rentals.

The core motivation is to rapidly scale a single-family rental (SFR) portfolio by acquiring recently renovated homes, bypassing the time and risk of sourcing and rehabbing properties individually. Progress Residential is capitalizing on strong rental demand in Atlanta, converting fix-and-flip inventory into stable, income-generating assets. The strategic belief is that institutional ownership of SFRs in growth markets offers attractive, risk-adjusted returns and portfolio diversification.